Saris Fintech Closes $28.8 Million Series A Funding Round
1h ago|4 min readStandard
Fazen Markets Editorial Desk
Collective editorial team · methodology
fintechventure-capitalseries-a
Fazen Markets Editorial Desk
Collective editorial team · methodology
Trades XAUUSD 24/5 on autopilot. Verified Myfxbook performance. Free forever.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. Vortex HFT is informational software — not investment advice. Past performance does not guarantee future results.
Fintech infrastructure firm Saris secured $28.8 million in a Series A funding round. The company announced the capital raise on 29 May 2026. The investment was led by growth-stage venture capital firms specializing in financial technology. Saris provides core application programming interface (API) software for regional and community banks seeking to modernize legacy systems.
Venture investment in enterprise-facing fintech has stabilized after a sharp 2023 contraction. The last comparable Series A for a B2B banking infrastructure provider was Narmi's $35 million raise in January 2024. Private market valuations have recalibrated, with investors emphasizing clear paths to profitability over pure user growth.
The current macro backdrop features the Federal Funds rate at 4.75-5.00%. This elevated cost of capital makes large, late-stage funding rounds more challenging. It shifts investor focus to earlier-stage companies with capital-efficient models. The catalyst for Saris's raise is heightened regulatory pressure on banks for real-time compliance and fraud monitoring. Legacy core providers like Fiserv and Jack Henry often struggle with rapid software iteration, creating an opening for agile API-first competitors.
The $28.8 million investment is a significant sum for a Series A in the current climate. It exceeds the median Series A deal size for fintech companies, which PitchBook data shows was approximately $15 million in 2025. Saris's post-money valuation following the round was not disclosed.
Comparable public fintech software firms trade at an average enterprise value to sales multiple of 6.5x. This provides a benchmark for private market valuations. The funding will primarily expand Saris's engineering and sales headcount from an estimated 75 employees to over 120 within 12 months. The capital runway extends the company's operations for at least 30 months at its current burn rate.
| Metric | Saris Series A | 2025 Fintech Median Series A |
|---|---|---|
| Amount | $28.8M | ~$15M |
| Primary Use | Engineering & Sales Expansion | Product Development |
This capital intensity contrasts with the more modest funding seen in consumer fintech ventures recently.
The capital influx signals investor confidence in the banking-as-a-service (BaaS) and core modernization thesis. Publicly traded legacy core providers like Fiserv (FI) and Jack Henry & Associates (JKHY) face increased long-term competitive risk from well-funded API-native entrants. These established vendors derive significant revenue from maintenance and integration fees tied to older systems. A successful Saris rollout could pressure their growth premiums.
Secondary beneficiaries include publicly traded companies that enable modern cloud infrastructure, such as Amazon Web Services (AMZN) and Microsoft Azure (MSFT). Their cloud segments stand to gain from increased fintech workload migration. A counter-argument is that deep bank vendor relationships and regulatory complexity remain high barriers to entry. Saris must manage stringent audits and security certifications that favor incumbents.
Positioning data shows hedge funds have been increasing short exposure to the legacy financial technology sector over the last quarter. Venture capital flow is demonstrably moving toward infrastructure plays that promise to lower banks' operational costs, rather than customer-facing neo-banks.
The next major catalyst for the private fintech valuation environment is the Federal Open Market Committee meeting on 17 June 2026. A rate cut could improve liquidity for later-stage funding rounds. Saris's own milestones to watch include the announcement of its first tier-one banking client, expected before Q3 2026.
Market participants should monitor the stock performance of small-cap bank ETFs like the SPDR S&P Regional Banking ETF (KRE). Widespread adoption of modern core software could improve their efficiency ratios, a key metric for investor sentiment. Key support for the broader fintech software index (traded via ETFs like ARKF) is at its 200-day moving average, approximately 10% below current levels. A break above resistance could signal renewed institutional appetite for the sector.
Retail investors cannot invest directly in private Series A rounds. The development is a market signal regarding which financial technology subsectors venture capitalists find attractive. It suggests long-term competitive pressure on public companies like Fiserv and Jack Henry. Investors in those stocks should monitor their quarterly earnings commentary for mentions of competitive displacement and R&D spending to defend market share.
The $28.8 million figure is substantial but not unprecedented. In 2021, during the peak funding cycle, Series A rounds above $50 million were common. The more relevant comparison is to the post-2022 period of capital constraint. Saris's raise is approximately 90% larger than the 2025 median, indicating strong conviction from its lead investors in a tighter market, which often correlates with higher due diligence rigor.
Series A capital is primarily deployed for scaling product development and building a sales and marketing engine. For a company like Saris, this means hiring senior engineers to build out its API suite and hiring enterprise sales representatives to target bank chief technology officers. A smaller portion is allocated to covering operating losses as the company works toward its next milestone, typically a Series B round or achieving profitability.
Saris's $28.8 million raise validates the venture market's focus on fintech infrastructure over consumer-facing apps.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.
Vortex HFT is our free MT4/MT5 Expert Advisor. Verified Myfxbook performance. No subscription. No fees. Trades 24/5.
Trade 800+ global stocks & ETFs
Start TradingSponsored
Open a demo account in 30 seconds. No deposit required.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.